Today's Financial News

LISLE, Ill. (AP) _ Navistar International Corp. (NAV) on Tuesday reported a loss of $42 million in its fiscal first quarter. The Lisle, Illinois-based company said it had a loss of 52 cents per share. Losses, adjusted for one-time gains and costs, came to $1.10 per share. The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of $1.15 per share.

NEW BEDFORD, Mass. (AP) — A $4.5 million deal between the state and the developers of a proposed wind farm off Cape Cod to use New Bedford as a staging and construction site has been terminated, a sign critics say is more evidence the project is dead. In January, the state's two biggest utilities pulled out of deals to buy power from the 130-turbine, $2.5 billion project.

MOSCOW (AP) — The Russian government's rainy-day fund has shrunk by almost 10 percent in dollar terms in February after the state sought to fill a hole in its budget, where revenues have suffered due to low oil prices. The finance ministry said the government had used 500 billion rubles ($8 billion) from the fund to supplement a drop in budget revenue. That followed a separate withdrawal of 50.48 billion rubles in January.

SOUTH SAN FRANCISCO, Calif. (AP) _ Rigel Pharmaceuticals Inc. (RIGL) on Tuesday reported a loss of $22.3 million in its fourth quarter. On a per-share basis, the South San Francisco, California-based company said it had a loss of 25 cents. The drug developer posted revenue of $8.3 million in the period.